Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Cordillerabit on November 27, 2017, 02:21:29 PM
-
According to Nicolas Morgan, a former lawyer for the U.S. government agency tasked with regulating the securities industry, the SEC is likely to roll out a sort of "assembly line" of enforcement actions against the nascent industry in the coming years.
He told CoinDesk, adding:
"You might be right that your ICO is not a security, and some judge, at the end of the day, may agree with you, but is it worth the expense and distraction to get that answer from a judge?"
"It's probably a better course of action if you're anywhere close to being a security, to just assume that it is and go forward with that presumption in mind.
https://cointelegraph.com/news/bitcoin-going-mainstream-coinbase-has-more-users-than-charles-schwab